our story
For six decades, GEMCOR has helped schools make financial aid administration clearer, more capable, and more human.
since 1973
From humble beginnings to national impact — GEMCOR’s journey began in 1973 in St. Louis, Missouri, as Student Financial Aid Services, Inc., founded by Robert J. Malone, then Director of Financial Aid at St. Louis University. Inspired by the 1972 HEA Amendments, Malone saw an opportunity to expand access to federal student aid for proprietary institutions.
In 1976, the company moved to Chicago to meet growing demand and service a larger market. A pivotal moment came in 1982 when Don Grybas joined as a part-time junior accountant. Over the next decade, Don rose through the ranks, earned his degree from DePaul University with a degree in accounting, and became a federal aid expert progressing up the organizational chart to the role of Vice President.
In 1991, Grybas purchased the company and renamed it GEMCOR, Inc. — Grybas Education Management Corporation. Since, GEMCOR has more than tripled in size and now proudly administers over $150 million in Federal Student Aid funds annually, serving more than 200 campuses across the country.
At GEMCOR, Inc., we’re more than just financial aid professionals—we’re a family of long-standing experts who’ve dedicated their careers to helping institutions and students thrive. From grant & loan processing and compliance consulting to client training and technical support, our team has grown together, shaped GEMCOR’s reputation, and supported schools through every challenge. Here’s to the decades of dedication—and the memories that come with them!
What sets us apart?
GEMCOR has been a trusted partner of Higher Ed institutions since 1973.
Most of our staff have been with GEMCOR for 15 to over 30 years, bringing unmatched consistency,
deep institutional knowledge, and a passion for service that's rare in any industry.
With decades of industry experience, our team understands the ever-changing regulatory landscape and the operational challenges administrators face every day. We combine deep compliance expertise with practical guidance to help clients stay informed, mitigate risk, and confidently manage their programs. Our commitment to accuracy, transparency and industry best practices makes us a trusted resource for organizations seeking reliable FSA administration solutions.
Our full-service Title IV administration solutions combine expert staff, proven processes, and powerful technology to support every stage of FSA management. We assist with FDSL , Pell & FSEOG administration, R2T4, reconciliations, G5 management, Verification and C-Code resolution, enrollment reporting support, periodic file reviews, and audit package preparation, helping institutions maintain compliance while reducing operational workload. Powered by TEAM®, our proprietary software platform, clients gain access to a centralized system that simplifies the administration of Title IV funds and helps schools operate with confidence, accuracy, and peace of mind.
What truly sets us apart is our commitment to customer support. Our clients are never treated like a ticket number or routed through layers of automated responses. When questions arise, they have direct access to experienced professionals who provide timely, accurate, and personalized assistance. We communicate proactively, and work diligently to deliver solutions. It's a level of service that clients consistently recognize and recommend, and is one of the defining qualities that differentiates us in the marketplace.
Meet GEMCOR
“GEMCOR has been an incredible upgrade from our previous 3rd party servicer for Federal Student Aid. Their software is easy to use and their team is always willing to help when questions arise. We are very happy we made the change to GEMCOR several years ago.”
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